Saudi Top’s board recommends par value reduction to SAR 1

30/08/2023 Argaam
Headquarters of Saudi Top for Trading Co.

Headquarters of Saudi Top for Trading Co.

Nomu-listed Saudi Top for Trading Co.’s board of directors recommended on Aug. 29 to reduce the stock nominal value from SAR 10 to SAR 1 a share, while maintaining the company’s capital unchanged, according to a statement to Tadawul.

 

Details of Stock Split

Current Capital

SAR 40 mln

No. of Shares

4 mln

Stock Nominal Value

SAR 10

New Capital

SAR 40 mln

No. of Shares

40 mln

Stock Nominal Value

SAR 1
 
Accordingly, the number of shares will increase to 40 million instead of 4 million. The company is committed to completing all regulatory procedures and obtaining the extraordinary general meeting (EGM) approval. 
 

The company will duly announce updates, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.